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At the end of 15 years jerry will use the fund to make

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Jerry will make deposits of 450 at the end of each quarter for 10 years. At the end of 15 years, jerry will use the fund to make annual payments of Y at the beginnig of each year for 4 years, after which the fund is exhasuted. the effective annual rate of interest is 7%. Determine Y?

Reference no: EM13571258

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